March 17, 2025

March 21, 2025

Course Number:

Application Deadline

October 18, 2024

In-Person : Central Bank Digital Currencies (CBDC)

March 17 - 21

Target Audience

Mid-level to senior officials in central banks and other government agencies dealing with regulation of the financial sector.


Participants are expected to have an advanced degree in economics or finance or equivalent work experience.

Course Description

This course, presented by the Institute for Capacity Development, is designed to give participants a foundation in central bank digital currencies. In this course, we will assess the business case for CBDC adoption from the perspective of users and central banks.  After some motivations and introductory remarks on digitalization, the course will discuss the different forms of CBDCs, and present considerations for CBDC design and a conceptual framework.  The course will present the benefits, costs and risks related to CBDCs.  In addition, CBDCs will be studied in terms of their implications for financial stability and bank intermediation, the monetary policy transmission, financial integrity, and financial inclusion.  Some time will be devoted to regulatory considerations, both at the national and international level. Case studies will allow participants to reflect on and discuss country experiences, and test their understanding of how and why some strategies have been successful while some countries have chosen not to proceed with the implementation of CBDCs. In a longer (face to face) version of the course, participants would be expected to prepare final presentations on a set of predetermined issues.

Course Objectives

Upon completion of this course, participants should be able to:

  • Explain the economic rationale for the use of CBDCs compared to other payment instruments.
  • Use the framework presented in the course to think about the design and implementation of CBDCs.
  • Use the concepts introduced in the course to assess the benefits and costs of CBDCs.
  • Identify threats to financial stability and various risks based on country case studies.
  • Extract lessons from country pilots to try to prevent design pitfalls.


Language: English
Application process: Please apply online